question archive Our Consulting? Group, has been asked to consult on a potential preferred stock offering by Brave New World

Our Consulting? Group, has been asked to consult on a potential preferred stock offering by Brave New World

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Our Consulting? Group, has been asked to consult on a potential preferred stock offering by Brave New World. This 14?% preferred stock issue would be sold at its par value of ?$50 per share. Flotation costs would total ?$4.00 per share. Calculate the cost of this preferred stock.

The cost of preferred stock is ______%?

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